TCL Electronics Reports Strong Mid-Year Growth

TCL Electronics Holdings (HK:1070) has released an update.

TCL Electronics Holdings Limited has reported a significant growth for the first half of 2024, with revenue increasing by 30.3% and profits after tax more than doubling from the previous year. Despite a challenging global economy marked by inflation and geopolitical uncertainties, the company benefited from heightened demand during major sporting events. Furthermore, the company capitalized on the growing market for mid-to-high-end televisions, including a surge in shipments for large-sized and Mini LED TVs.

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